Samsung's BlackBerry Acquisition Rumors Are False

BlackBerry's market share may be far behind its competitors, but their interests to buy BlackBerry, or at least rumors about it seem never ends. On January 14, Reuters reported that Samsung was planning to buy BlackBerry with a deal worth of $7.5 billion.

The news from Reuters, citing unnamed sources follows as:

Executives from the two companies, which are working with advisers, met last week to discuss a potential transaction, the source said, asking not to be identified because the conversations are private.

To make this buyout happen, Reuters reported that Samsung offered a prince range of $13.35 to $15.49 per share. Samsung also seek to buy 60% of BlackBerry's shares, as quoted from DetikInet. The impact of this rumors to BlackBerry's shares are positive as it went up to almost $13/share from the opening price of below $10/share. At the end of the day, the shares are closed at $12.60/share.To respond the buyout rumors, both BlackBerry and Samsung has issued statements later on the day when the rumors spread out, saying that there's no ongoing discussion between them:

Statement From BlackBerry

BlackBerry Limited is aware of certain press reports published today with respect to a possible offer by Samsung to purchase BlackBerry. BlackBerry has not engaged in discussions with Samsung with respect to any possible offer to purchase BlackBerry. BlackBerry's policy is not to comment on rumors or speculation, and accordingly it does not intend to comment further.

Statement from SamsungMedia reports of the acquisition are groundless

On the next day (January 15), as responds to both BlackBerry's and Samsung's statement, BlackBerry's shares fell as much as 17% from its previous closing price.